UAE - Rents in Sharjah fell four per cent in third quarter 2020 and there was a marginal or no change for units in the lower range of the rental bracket.
Property consultancy firm Asteco said an increase in vacancy rates for apartments priced above market rents indicate a strong preference for affordable dwellings in Sharjah.
Asteco data showed that rent in a typical building ranges between Dh12,000 to Dh18,000 while rents in high-end areas are between Dh19,000 to Dh34,000 for a one-bedroom apartments.
Below is list of rental guide of Sharjah’s 10 major areas.
> Al Butina is the most economical area in Sharjah for tenants where rents cost between Dh12,000 to Dh21,000.
> Rents in Al Yarmook cost between Dh14,000 to Dh18,000 a year.
> Rolla, a popular and one of the oldest areas of the emirate, is also another affordable area where rents average between Dh14,000 to Dh20,000.
> Apartment rents in Al Qasimiah area cost between Dh14,000 to Dh26,000.
> Apartment rents in Abu Shagara generally range between Dh15,000 to Dh25,000.
> While rent average between Dh18,000 to Dh24,000 in Al Wahda.
> Al Majaz and Al Khan, the two prime areas of the emirate, offer rent between Dh18,000 to Dh32,000 per annum.
> One-bedroom apartment rents in Al Nahda, which is quite popular for its proximity to Dubai, range between Dh16,000 to Dh32,000 per annum.
> Sharjah’s Corniche is also one of the most expensive area for tenants, paying between Dh22,000 to Dh31,000 per annum.
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